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Builder Confidence Rises with Boost in Housing Starts

Builder confidence in the market for newly constructed single-family homes in August rose two points to 60 from a downwardly revised reading of 58 in July on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). “New construction…

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Mortgage Applications Shrink 4 Percent

Mortgage applications decreased 4 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending August 12, 2016. The Market Composite Index, a measure of mortgage loan application volume,…

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California Home Sales Dip in July, Report Shows

California home sales stumbled in July as low inventories and eroding affordability dragged down the housing market, according to the California Association of REALTORS® (C.A.R.). Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 415,840…

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Refinances push revenues in home improvement industry

Lowe’s fell short of earnings expectations, but still came in with increases from last year. More homeowners are focusing on home improvement, and Lowe’s projects its growth will continue through the remainder of 2016. Source: 1

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California home sales come tumbling back down to earth

Just one month after posting a nearly four-year high, home sales in California took a step backwards in the month of July, with year-to-date sales falling from previous year for first time in 18 months, according to a new report…

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Last Chance to Enter .REALTOR Contest

NAR PULSE–Submissions for the Show Us How You .REALTOR Contest are due Friday. Sept. 2, so get yours in now! All you have to do is submit three examples that showcase the creative ways you’re using .REALTOR web addresses to…

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